Thank you - I finally figured out what you meant. I looked and looked on
www.joomlapolis.com/blog/kyle/18701-language-overrides-have-arrived
for the "language key search tool ... provided on that same page" but you didn't actually mean THAT page, you meant the page that was kind of referenced by the article (but not really). It is very vague - as the article does NOT inform how to get to the graphic shown - it just says "edit any language plugin." Ok - after I thought about that for a while I went to CB Plugin Management and found the default language plugin. Then I:
1. Opened the "Default language (English)" plugin.
2. Clicked on the OVERRIDES Tab.
3. Entered "[username] has updated their profile!" in the search box on the right side.
4. Once the KEY field was populated with the search result, I changed [username] to [formatname]. This worked and the subject line of the email now shows [formatname].
5. Tried to do the same with the body text string you provided (thank you) but the search returned "No language key or string matches found." It looks like it should be right so I'm not sure why that didn't work.
Anyway, if you can see what the problem might be for #5, great. Otherwise, this will work as the users real name is shown in the email subject line.
Thanks for all your help!
C